Caroline Flint MP, Labour’s Shadow Energy and Climate Change Secretary, commenting on reports that SSE is expected to announce its profits have increased by 8.8% to £1.5 billion, just months after it increased household energy bills, said:
“Yet again we see an energy company increasing its profits and payouts to shareholders on the back of spiralling bills for hard-pressed consumers. The reason the energy companies think they can get away with treating their customers so poorly is because they know David Cameron will never stand up to them.
“The next Labour Government will undertake the biggest overhaul of our energy market since privatisation. Our plans will break up the big energy companies, put an end to their secret deals and make tariffs simpler and fairer. And until these reforms kick-in, we will put a stop to unfair price rises by freezing energy bills until 2017, saving the average household £120.”